In response to blockchain knowledge, a brand new Solana token named Eric Trump shot up 6,200% in simply 24 hours. It sprang to life on Might 16 through the Pump.enjoyable launchpad and swelled to a market cap of 140 million. Merchants piled in quick, however on‑chain detectives observed greater than 80% of the provision parked in simply 10 wallets. That type of focus usually indicators a setup for a sudden collapse.
Political Identify Exploitation
Utilizing a properly‑recognized determine’s title generally is a fast technique to seize consideration. Primarily based on stories from Bubblemaps, the token’s ties to “jv7d” on Solana raised pink flags. When insiders maintain many of the cash, they’ll dump them at will. Retail buyers find yourself holding what’s left—and that usually means heavy losses.
a rug within the making#ERICTRUMP is presently trending on most platforms. keep away from it. pic.twitter.com/g1KE7wKMCA
— Bubblemaps (@bubblemaps) Might 16, 2025
Warning Indicators On-Chain
Cluster evaluation confirmed the highest 250 holders are linked via a handful of addresses. That sample mirrors the WOLF token, which hit 42 million earlier than plunging to virtually nothing. Analysts say these strikes match the basic rug‑pull script, the place early backers money out on the peak, then vanish.
Copycat Tokens Multiply
The identical pockets, generally known as “BjTm,” has already launched three different Eric Trump tokens that fizzled shortly. Primarily based on CoinMarketCap knowledge, greater than 736 imitation tokens have been pushed into the official Trump pockets area. Of these, 192 use Trump household names, and 67 declare to be “official.” Even Elon Musk’s title crops up in not less than 35 of them.
International Political Targets
Scammers aren’t stopping with US figures. In April, the verified X account of UK MP Lucy Powell was hijacked to advertise a faux Solana token. It tapped into her 70,000 followers and netted simply 225, nevertheless it confirmed how a trusted badge can idiot individuals.
Investor Warning Lights
Primarily based on this sample, analysts urge warning. When a token’s worth spikes with out clear backing—and most cash sit in a couple of wallets—that’s a sign to step again. Blind loyalty to a reputation, political or in any other case, can flip into monetary ache.
What Comes Subsequent
As extra political meme cash pop up, the danger grows. Each excessive‑profile title may turn into bait. Traders ought to test who holds the tokens, look ahead to speedy launches on low-cost networks like Solana, and take into account that hype can vanish as quick because it seems.
In an area the place hype usually trumps fundamentals, staying alert is likely to be one of the best ways to remain afloat.
Featured picture from Unsplash, chart from TradingView
